Shares of JSW Energy Ltd fell nearly 1% after touching a day’s high of Rs 552.70 on 17th October, even though the company announced that its subsidiary, JSW Energy (Utkal) Ltd, had received a Letter of Award (LoA) from Power Company of Karnataka Limited (PCKL) for a 400 MW power supply arrangement.

The agreement will run for 25 years, commencing on 1st April 2026. Coal India Limited will supply coal for the project under the SHAKTI Scheme 2017.

The long-term deal is contingent upon obtaining regulatory approvals and executing a Power Purchase Agreement (PPA). Once finalised, JSW Energy (Utkal) will have 57% of its total capacity tied up, ensuring stable long-term earnings for the plant.

JSW Energy First Quarter Results

JSW Energy reported a 42.4% year-over-year jump in consolidated net profit to Rs 743 crore, driven by strong growth in both renewable and thermal generation. Total revenue rose 78.6% YoY to Rs 5,143 crore, while EBITDA almost doubled to Rs 2,789 crore, up 96.8%. The operating margin improved to 54.2% from 49.2% in the previous year.

During the quarter, the company added 1,893 MW of capacity, increasing its total installed base to 12,768 MW — up 70% YoY. This included 1,343 MW from the Mytrah Energy (now 02 Power) acquisition and 550 MW from new renewable projects.

Net power generation rose 71% YoY to 13.5 billion units, with renewable energy contributing 5 BUs, up 54%. Power generated under long-term PPAs also grew 73% to 11.8 BUs.

At 12:19 PM, the shares of JSW Energy were trading 0.63% lower at Rs 545.15 on NSE.

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